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20.The credit card company charges a 1% fee on all credit card sales. How much...

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Question

Accounting

20.The credit card company charges a 1% fee on all credit card sales. How much credit card expense would company pay if total sales were 200,000 including cash sales of 100,000 and credit card sales of $100,000?

A. $100

B.$200

C.$2,000

D.$1,000

Question 21

How much cash would a company receive if credit card sales were $600,000 and we are charged a 2% fee on credit card sales?

A.$12,000

B.$612,000

C.$588,000

D.$600,000

Answer & Explanation Solved by verified expert
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